All Finance articles – Page 471
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NewsBuoyant sales for Buckfast but Brexit hits profit margins
Annual accounts for owner J Chandler & Co for the year to 31 March 2017 show a 3.1% rise in sales
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NewsFaccenda credits profit rise to focus on lower costs
The chicken, duck and turkey supplier is expected to complete a joint venture with the UK poultry arm of US meat giant Cargill
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NewsWyke Farms profits rise despite butterfat cost hikes
The cheesemaker had to contend with a near £1m loss in turnover from its butter division
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NewsMedia Bites 12 January: Tesco, Marks & Spencer, John Lewis/Waitrose, Amazon
‘Super Thursday’ saw the fortunes and disasters of the retail industry dominating yesterday’s news cycle – and grocery retailers in particular as Tesco, Marks & Spencer and Waitrose all reported results.
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NewsCity snapshot: B&M Bargains sales soar in Christmas run up
The march of the discounters continues this morning as B&M Bargains unveils strong results in the run up to Christmas, driven by a “robust” performance of its grocery and fmcg ranges. Plus, Conviviality announces raft of organisational changes, with Mark Aylwin leaving the group.
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NewsAspall sales surged by £7.4m in run up to Molson Coors acquisition
Operating profits fell into the red (–£187k) thanks to “greater than expected” costs
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NewsFlor Healy starts work as Samworth Brothers CEO
The former Kerry Foods boss started in the role this week – two months after The Grocer exclusively revealed the appointment.
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NewsPlastic-free aisles urged as PM guns for avoidable plastic waste
Environmental plan proposes aisles without any plastic packaging, where all food is sold loose
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NewsMolson Coors plans major investment in Aspall Cyder capacity
The brewery would initially focus on growing Aspall’s presence in the on and off-trade…
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NewsIrish food and drink exports rise 13% to hit record high
The UK remained Ireland’s key export market, accounting for 35% of total exports
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NewsMedia Bites 11 January: Sainsbury's, Lidl, M&S
It’s Sainsbury’s turn to face the media spotlight as it becomes the latest supermarket to update the market on its Christmas trading.
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NewsShine taken off record Christmas at Tesco by collapse of Palmer & Harvey
Tesco and Waitrose have both managed to drive underlying sales growth over Christmas, but Marks & Spencer lost out to Aldi and Lidl as like-for-like food numbers declined. However, the shine was taken off Tesco’s results by the impact of the Palmer & Harvey collapse.
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Comment & OpinionYes, food price inflation should ease – but we can’t afford to get complacent
It’s been a bruising 18 months for consumers since the Brexit vote sent sterling crashing
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NewsRichard Rose joins Hancocks in non-executive role
Rose is a former chairman of Booker and AO World
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NewsM&S to invest £25m in 'digital-first' tech programme changes
Retailer plans to transfer 250 existing technology roles to Tata Consultancy Services
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NewsAldi and Lidl outpacing big four in supermarket space race
However even the discounters have scaled back on applications
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NewsHumphrey Singer to become new M&S chief finance officer
Singer, finance director of Dixons Carphone, will replace Helen Weir, who is leaving to pursue a portfolio career
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NewsCo-op's Steve Murrells urges post-Brexit EU partnership
Murrells welcomed Michael Gove’s pledge that payments to farmers would be extended post-Brexit
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Analysis & FeaturesHow much could Dave Lewis earn as Unilever boss?
Yesterday’s ‘Fat Cat Thursday’ focussing on the pay of FTSE 100 bosses illustrated that grocery chiefs are relative paupers compared to the vast earnings of some of their contemporaries.
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NewsMedia Bites 10 January: Morrisons, Kantar/Nielsen, Majestic Wine
The main focus in a busy day for food and drink is a strong set of Christmas results for Morrisons.